Podcast: Colin King and I Discuss NATL, AMVO, and SOLS

During this episode of SSOI podcast, I spoke with Colin King of Circle City Capital. Colin runs Value Don’t Lie where he shares his highest conviction ideas. In this episode, Colin and I discuss NCR Atleos Corporation (NATL), Aumovio SE (AMVO), and Solstice (SOLS),

Here’s what we discussed:
3:00 Why Colin thinks NATL is interesting.
6:30 Why Colin loves charts that show growing earnings but a flat stock chart.
6:50 What the next big catalyst is for NATL.
8:00 Brief description of Euronet Worldwide (EEFT) and why it also looks interesting.
9:00 Discussion of NATL’s leverage profile.
11:00 How big could ATMaaS get?
12:30 Is revenue and earnings growth sustainable?
14:45 NATL’ s buyback plan.
15:50 NATL’s 2026 free cash flow potential.
17:15 Why does Colin think Aumovio is interesting?
18:30 Aumovio’s balance sheet is a differentiator.
20:40 Discussion of Aumovio’s pension liabilities.
22:50 Margin growth potential for Aumovio.
24:30 The upside to Aumovio’s money losing segments.
26:30 What is interesting about Honeywell’s upcoming spin-off, Solstice (SOLS)
29:00 The capital intensity of Solstice’s business.
32:00 Why I think Solstice’s EBITDA guidance might be conservative.
37:50 What Colin and I think Solstice is worth.
41:00 Does Honeywell (HON) RemainCo look attractive?
44:30 Where you can find more about Colin.

You can watch the episode on YouTube or listen on Spotify or Apple.

Check out Colin’s Substack here.

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